United Utilities Group (UU.)

Sector:

Utilities

Index:

FTSE 100

1,022.50p
   
  • Change Today:
    -20.00p
  • 52 Week High: 1,125.00p
  • 52 Week Low: 958.80p
  • Currency: UK Pounds
  • Shares Issued: 681.89m
  • Volume: 2,070,450
  • Market Cap: £6,972m
  • RiskGrade: 118

United Utilities profit constrained by long hot summer

By Sean Farrell

Date: Thursday 23 May 2019

LONDON (ShareCast) - (Sharecast News) - United Utilities' annual profit rose as the water company's revenue increased but its results were hit by the cost of safeguarding supplies during the scorching summer of 2018.
Underlying operating profit for the year to the end of March rose to £684.8m from £645.1m as revenue increased to £1.82bn from £1.74bn.

Pre-tax profit rose by just £1m to £436.2m as the FTSE 100 company spent £36m to deal with the effects of the summer of 2018 - the joint hottest on record. In tota, United Utilities said it will spend almost £80m extra to safeguard continuity of supplies, including £66m laid out last year.

It increased its final dividend to 27.52p a share taking the annual payout to 41.28p - up 3.9% on a year earlier.

The company said it was confident about outperforming its expenditure allowance for 2015-2020 by £100m through efficiency measures. It will invest an extra £100m in its operations to take the figure for the current asset management period to £350m.

Chief executive Steve Mogford said: "We are well placed for the remainder of the current regulatory period and beyond as we maintain our focus on providing great service to customers and creating long-term value for all of our stakeholders.

"We are increasing our additional investment by another £100m, to total £350m, to accelerate the delivery of further performance improvements and facilitate a flying start to the next regulatory period."





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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

United Utilities Market Data

Currency UK Pounds
Share Price 1,022.50p
Change Today -20.00p
% Change -1.92 %
52 Week High 1,125.00p
52 Week Low 958.80p
Volume 2,070,450
Shares Issued 681.89m
Market Cap £6,972m
RiskGrade 118

United Utilities Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
69.48% below the market average69.48% below the market average69.48% below the market average69.48% below the market average69.48% below the market average
66.67% below the sector average66.67% below the sector average66.67% below the sector average66.67% below the sector average66.67% below the sector average
Price Trend
3.65% below the market average3.65% below the market average3.65% below the market average3.65% below the market average3.65% below the market average
14.29% above the sector average14.29% above the sector average14.29% above the sector average14.29% above the sector average14.29% above the sector average
Income
0.13% above the market average0.13% above the market average0.13% above the market average0.13% above the market average0.13% above the market average
20% below the sector average20% below the sector average20% below the sector average20% below the sector average20% below the sector average
Growth
82.45% below the market average82.45% below the market average82.45% below the market average82.45% below the market average82.45% below the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average

What The Brokers Say

Strong Buy 3
Buy 1
Neutral 8
Sell 1
Strong Sell 0
Total 13
neutral
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

United Utilities Dividends

  Latest Previous
  Final Interim
Ex-Div 20-Jun-24 21-Dec-23
Paid 01-Aug-24 01-Feb-24
Amount 33.19p 16.59p

Trades for 31-Oct-2024

Time Volume / Share Price
16:39 8,703 @ 1,022.50p
16:39 1,123 @ 1,022.50p
16:39 1,053 @ 1,022.50p
16:35 1,820 @ 1,022.50p
16:35 1,153 @ 1,022.50p

United Utilities Key Personnel

Chair David Higgins
CFO Phil Aspin
CEO Louise Beardmore

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